07:37 AM EST, 01/17/2025 (MT Newswires) -- Spirit Blockchain Capital ( SBLCF ) overnight Thursday said it raised $145,696 with the second tranche of its non-brokered private placement.

The company issued 883,009 units at $0.165 per unit, with each unit comprising one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to buy an additional common share at an exercise price of $0.255 for a 24-months period from the date of issuance.

SBC said proceeds will be allocated to speed-up revenue expansion opportunities, enhance investor relations, and support general corporate operations.

Securities issued under the offering are subject to a statutory hold period lasting four months and one day from the date of issuance.